Manel Srinivas Nayak Knowledge Series - A Talk on "Impact of GST in India".

September 28, 2018

Ms. Hemalatha N, Assistant Commissioner Commercial Tax

The Program began at 3.00 P.M at the Swarna Academy Hall. The program began with the introduction of GST by Ms. Hemalatha N –Assistant commissioner Commercial tax Audit department. She said that Karnataka will achieve its targeted tax collection within stipulated time while increasing tax collection and tax base for 2017-2018.Compared to previous tax regime there has been increase in compliance because of various benefits like Input tax Credit, ease of doing business, transparency and accountability leading to streamlining of tax collection for the Government. The tax base has increased with 8.11 lakhs registered dealers compared to 5.84 lakhs earlier. In addition, 1.7 million have obtained voluntary registration.

Ms.Hemalatha said that the current issues like passing on benefits of GST to final consumers would happen over a period as well it depends on consumer awareness. The GST Council has brought down the GST rates of several goods and services over a period of one-year, other goods and services will follow the suit once the government is able to realize its revenue. The program concluded after Q&A Session.